CIK 1096978
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Unclassified | 68.65% | 8 |
| Equity Real Estate Investment Trusts (REITs) | 13.66% | 8 |
| Utilities | 4.00% | 2 |
| Commercial Services & Supplies | 3.52% | 2 |
| Machinery | 2.41% | 3 |
| Oil, Gas & Consumable Fuels | 1.78% | 4 |
| Construction & Engineering | 1.43% | 2 |
| Airlines | 1.22% | 1 |
| Semiconductors & Semiconductor Equipment | 0.99% | 3 |
| Chemicals | 0.59% | 1 |
| Specialty Retail | 0.46% | 1 |
| Diversified Telecommunication Services | 0.38% | 2 |
| Aerospace & Defense | 0.21% | 1 |
| Paper & Forest Products | 0.16% | 1 |
| Banks | 0.15% | 1 |
| Media & Publishing | 0.13% | 1 |
| Media & Entertainment | 0.09% | 1 |
| Hotels, Restaurants & Leisure | 0.08% | 1 |
| Real Estate Management & Development | 0.08% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IBIT | ISHARES BITCOIN TRUST ETF | Unclassified | 61.90% |
| 2 | RITM | Rithm Capital Corp. | Real Estate | 6.50% |
| 3 | FOUR | Shift4 Payments, Inc. | Industrials | 3.26% |
| 4 | SHY | ISHARES TR | Unclassified | 3.22% |
| 5 | CIM | CHIMERA INVESTMENT CORP | Real Estate | 2.45% |
| 6 | ETR | ENTERGY CORP /DE/ | Utilities | 2.31% |
| 7 | VCSH | VANGUARD SCOTTSDALE FDS | Unclassified | 2.14% |
| 8 | WMB | WILLIAMS COMPANIES, INC. | Utilities | 1.69% |
| 9 | RWT | REDWOOD TRUST INC | Real Estate | 1.59% |
| 10 | CAT | CATERPILLAR INC | Industrials | 1.39% |
36/44 names classified · sector 31.3% of weight · industry 31.3% · mkt cap 29.7%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 31.3% of the book is sector-classified (unclassified names shown, never dropped).
Only 19% of book weight classified — the grid is NOT representative of the whole book.
Classified: 19.4% of book weight (21/44 names) · unclassified 80.6%: IBIT, FOUR, SHY, CIM, VCSH, RWT, AERO, MFA, SOLS, IGV +13 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | IBITISHARES BITCOIN TRUST ETF | 3,129,352 | $120M | 61.9% | ADD 46% |
| 2 | RITMRITHM CAPITAL CORP | 1,332,583 | $13M | 6.5% | ADD 53% |
| 3 | FOURSHIFT4 PMTS INC | 145,000 | $6M | 3.3% | ADD 16% |
| 4 | SHYISHARES TR | 75,817 | $6M | 3.2% | ADD 2776% |
| 5 | CIMCHIMERA INVT CORP | 378,899 | $5M | 2.4% | ADD 31% |
| 6 | ETRENTERGY CORP NEW | 40,000 | $4M | 2.3% | TRIM −11% |
| 7 | VCSHVANGUARD SCOTTSDALE FDS | 52,321 | $4M | 2.1% | NEW |
| 8 | WMBWILLIAMS COS INC | 45,000 | $3M | 1.7% | HOLD |
| 9 | RWTREDWOOD TRUST INC | 550,361 | $3M | 1.6% | TRIM −26% |
| 10 | CATCATERPILLAR INC | 3,800 | $3M | 1.4% | NEW |
| 11 | AEROGRUPO AEROMEXICO SAB DE CV | 169,280 | $2M | 1.2% | HOLD |
| 12 | PMTPENNYMAC MTG INVT TR | 180,000 | $2M | 1.1% | NEW |
| 13 | MFAMFA FINL INC | 210,000 | $2M | 1.0% | NEW |
| 14 | MTZMASTEC INC | 6,000 | $2M | 1.0% | TRIM −59% |
| 15 | LECOLINCOLN ELEC HLDGS INC | 6,000 | $1M | 0.8% | TRIM −63% |
| 16 | RRCRANGE RES CORP | 30,000 | $1M | 0.7% | TRIM −35% |
| 17 | EQTEQT CORP | 20,000 | $1M | 0.7% | HOLD |
| 18 | DXDYNEX CAP INC | 95,000 | $1M | 0.6% | NEW |
| 19 | SOLSSOLSTICE ADVANCED MATLS INC | 15,000 | $1M | 0.6% | NEW |
| 20 | IGVISHARES TR | 12,500 | $1M | 0.5% | NEW |
| 21 | IEIISHARES TR | 7,638 | $905,867 | 0.5% | NEW |
| 22 | WMTWALMART INC | 7,264 | $902,770 | 0.5% | NEW |
| 23 | LGNLEGENCE CORP | 15,000 | $846,900 | 0.4% | ADD 50% |
| 24 | MCHPMICROCHIP TECHNOLOGY INC. | 13,000 | $839,930 | 0.4% | NEW |
| 25 | WIXWIX COM LTD | 9,000 | $810,630 | 0.4% | NEW |
| 26 | MTSIMACOM TECH SOLUTIONS HLDGS I | 3,000 | $666,210 | 0.3% | NEW |
| 27 | LUMNLUMEN TECHNOLOGIES INC | 75,000 | $521,250 | 0.3% | HOLD |
| 28 | CCKCROWN HLDGS INC | 5,000 | $501,250 | 0.3% | HOLD |
| 29 | AESAES Corp. | 35,000 | $493,150 | 0.3% | NEW |
| 30 | NENOBLE CORP PLC | 10,000 | $490,700 | 0.3% | HOLD |
| 31 | WOLFWOLFSPEED INC | 25,000 | $408,000 | 0.2% | ADD 25% |
| 32 | KRMNKARMAN HLDGS INC | 5,000 | $400,250 | 0.2% | NEW |
| 33 | TWOTWO HBRS INVT CORP | 32,776 | $374,302 | 0.2% | NEW |
| 34 | MITTTPG MTG INVTS TR INC | 48,094 | $351,567 | 0.2% | NEW |
| 35 | XPROEXPRO GROUP HOLDINGS NV | 20,000 | $348,200 | 0.2% | HOLD |
| 36 | PKGPACKAGING CORP AMER | 1,500 | $318,330 | 0.2% | NEW |
| 37 | CORZCORE SCIENTIFIC INC NEW | 20,000 | $299,200 | 0.2% | NEW |
| 38 | PMTSCPI CARD GROUP INC | 18,050 | $261,906 | 0.1% | NEW |
| 39 | TDSTELEPHONE & DATA SYS INC | 5,000 | $210,500 | 0.1% | HOLD |
| 40 | IHRTIHEARTMEDIA INC | 63,178 | $184,480 | 0.1% | NEW |
| 41 | WINGWINGSTOP INC | 1,000 | $154,970 | 0.1% | NEW |
| 42 | AOMRANGEL OAK MORTGAGE REIT INC | 17,754 | $145,938 | 0.1% | NEW |
| 43 | BRLSWBOREALIS FOODS INC | 23,300 | $1,806 | 0.0% | HOLD |
| 44 | CYCUWCYCURION INC | 30,000 | $618 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IBITISHARES BITCOIN TRUST ETF | — | — | 832K | 2.0M | 2.1M | 3.1M | $120M |
| RITMRITHM CAPITAL CORP | — | — | 50K | 975K | 869K | 1.3M | $13M |
| FOURSHIFT4 PMTS INC | — | — | — | 45K | 125K | 145K | $6M |
| SHYISHARES TR | — | — | — | — | 3K | 76K | $6M |
| CIMCHIMERA INVT CORP | — | — | — | 115K | 290K | 379K | $5M |
| ETRENTERGY CORP NEW | 15K | 20K | 50K | 45K | 45K | 40K | $4M |
| VCSHVANGUARD SCOTTSDALE FDS | — | — | — | — | — | 52K | $4M |
| WMBWILLIAMS COS INC | — | 30K | 55K | 40K | 45K | 45K | $3M |
| RWTREDWOOD TRUST INC | — | 150K | 200K | 847K | 745K | 550K | $3M |
| CATCATERPILLAR INC | — | — | — | — | — | 4K | $3M |
| AEROGRUPO AEROMEXICO SAB DE CV | — | — | — | — | 169K | 169K | $2M |
| PMTPENNYMAC MTG INVT TR | — | — | — | — | — | 180K | $2M |
| MFAMFA FINL INC | — | — | — | — | — | 210K | $2M |
| MTZMASTEC INC | — | — | 5K | 2K | 15K | 6K | $2M |
| LECOLINCOLN ELEC HLDGS INC | — | — | 7K | 15K | 16K | 6K | $1M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
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